If the tenant is late on his first two payments, you probably need to revisit your screening process also.

Screen the VMs, figure out which ones are worth your time and simply call them back when you have time.

We try to screen pretty hard.I know you manage a lot more properties than me, so you are statistically much more likely to get aggravating people. 

You can have this ring to any phone but it also has a voice-mail feature that allows you to screen calls to ensure it is in fact a real emergency.

Although the colors are a little bit unclear on my screen, it looks like you've really pulled together everything with your floor and countertop choices.As noted above, most people are doing tile these days on the back splash, one of the most popular being white subway tile because of its price. it's not clear whether the trim in the rest of the house is white, but, if it is, the easiest solution is to paint the window frame white too and white subway tile would be your least expensive option.

But to answer your question, yes I brought the house to him through my agent, and I will be putting in lots of sweat equity, helping manage subs, as well as splitting property management, tenant screening, etc.I would have hired him as the GC anyway, so I think he sees this as an opportunity to put some money to work while helping me get into my first deal without the traditional challenges of getting financing (which I understand can often be the biggest obstacle).Do you have any suggestions with regards to how to handle the financing in this situation?

I would do it to them all.If the original lady wants to rent and stay and pay full boat for the whole place fine.. if she want's to add roommates at later date then they need to pass screening and qualify.

4) If you would keep them, is it appropriate to have them fill out a rental application and follow through with a screening process?

I still screen and look for tenants that are looking for long term situations.

@Mike Bisson I see your point, in my business and life I have not found that working people over and trying to squeeze every penny or ounce of blood from customers, employees, suppliers is usually not a good idea in the long run.